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IOB Appreciation Post
- Thread starter dvader
- Start date
- Replies 155
- Views 5K
zomatoo
TF Ace
agar aisa koi rule nhi hai to complain kardo rbi mai or compensation mai daldena 50000(mile ya nhi vo keh nhi sakte)
Thanks a lot. The basic regular account without cheque book is quite economical then. MAB is 500rs for metros. Its ok. Also the sms charges for txn alerts are 15paise +gst per sms and at max 15 rs per quarter. SO , I guess I gonna open IOB virtually and link to a nearest branch as you suggested.
Again thanks a lot for all the details.
Hope
TF Premier
Already on process...
zomatoo
TF Ace
kitna time hogaya or kitna compensation dala?
Hope
TF Premier
Nah abhi branch/head's ko mails jaa rha 30 day ka wait 8-10 day baaki h.
akiratoriyama
TF Premier
No such rule. Chu bana rahe hai.
Lorddiesel
TF Select
Indeed shitty bank, maybe the shittiest in Govt banks.
Cannot update email id via app or online. Every little thing has to be done at the branch. High charges for everything
Lorddiesel
TF Select
Withdraw all money, burn the passbook and ATM, forget about it
zomatoo
TF Ace
To bhai lien hai na 1000 rs par kaisa withdraw karega wo?
Last edited:
Hope
TF Premier
No i will give shittiest to BOI
Lorddiesel
TF Select
Lorddiesel
TF Select
New RBI rules from Jan 1 , 2025 , If account is zero balance, will now be closed automatically. Just forget it
Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented new guidelines that will result in the closure of specific types of bank accounts. The initiative aims to enhance banking security, improve efficiency, and reduce risks associated with inactive accounts.
Accounts affected by the guidelines
Dormant accounts
Accounts with no transactions for over two years are classified as dormant. These accounts are considered vulnerable to misuse and will be closed under the new rules.
Inactive accounts
Accounts without activity for 12 months or more fall into the inactive category.
The RBI’s guidelines aim to minimise potential risks by closing these accounts unless reactivated.
Zero balance accounts
Accounts that consistently maintain a zero balance for an extended period are also subject to closure. This step is intended to strengthen account management and align with updated Know Your Customer (KYC) norms.
Any source for this?
Lorddiesel
TF Select
Read both
This is great news.
Do banks now close 4 5 years old dormat accs too?
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